Home for Sale at 1331 E 88th Street in Cleveland, OH for $118,000

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1331 E 88th Street | Cleveland

$118,000 | 5 Beds | 3 Baths (2 Full, 1 Half) | 1,758 Sq. Ft.

Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750\u002B sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities. Property meets 1% rent rule and can easily exceed with market rents projected at $1,800\u2013$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential. Perfect home for large families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone! MLSNow 5184647 Directions to property: Superior Ave to E 88th/ GPS for accuracy.

MLS Listing ID: 
MLSNow 5184647
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$118,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Cleveland
Address: 
1331 E 88th Street, Cleveland, OH 44106
County: 
Cuyahoga
Latitude: 
41.5196300
Longitude: 
-81.6262220
Directions: 
Superior Ave to E 88th/ GPS for accuracy.
Public Remarks: 
Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750\u002B sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities. Property meets 1% rent rule and can easily exceed with market rents projected at $1,800\u2013$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential. Perfect home for large families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone!
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
W H Vantine Trustees
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Stories: 
2
Year Built: 
1970
Living Area: 
1,758
Basement: 
Unfinished
Construction
Construction Materials: 
Frame
Roof: 
Asphalt,Shingle
Room Details
Details about the rooms in the building.
Total Rooms: 
9
Total Bedrooms: 
5
Total Bathrooms: 
3
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
1
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.1
Lot Size (Area): 
0.1
Lot Features
Parking Type: 
Driveway
Public Record
Parcel Number: 
107-14-086
Annual Tax: 
$1,826.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Greater Metropolitan

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